$SOL
#SUIHitsATH 🎯MicroStrategy of Solana, Sol Strategies Secure $25M Line of Credit to Invest in SOL Tokens and Storage Operations✅
⬅️Publicly traded holding company Sol Strategies (token HODL) has drawn down $4 million from a $25 million credit facility to invest in SOL tokens and storage operations. The company is pivoting in mid-2024 to focus on the Solana ecosystem.📉
✔️Publicly traded holding company Sol Strategies (token HODL) is investing $25 million CAD in the Solana ecosystem through an unsecured credit facility, according to an announcement Monday. 📊
📌The move is the latest in a series of efforts by the Toronto, Canada-based company to become one of the largest contributors and participants in the Solana ecosystem, following its rebranding from Cypherpunk Holdings, which took a broader approach to investing in the crypto industry.📉
🛑In July, Cypherpunk Holdings hired Leah Wald as CEO as she began focusing on the Solana ecosystem.📈